First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sets New 1-Year Low – Here’s Why

by · The Markets Daily

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday. The company traded as low as $23.57 and last traded at $23.92, with a volume of 15904 shares trading hands. The stock had previously closed at $23.92.

First Trust TCW Unconstrained Plus Bond ETF Stock Down 0.2%

The company’s fifty day moving average is $24.54 and its 200-day moving average is $24.76.

Hedge Funds Weigh In On First Trust TCW Unconstrained Plus Bond ETF

A number of hedge funds have recently modified their holdings of the company. LPL Financial LLC raised its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 14.2% during the 4th quarter. LPL Financial LLC now owns 12,160,045 shares of the company’s stock valued at $306,068,000 after purchasing an additional 1,509,510 shares during the period. Royal Bank of Canada boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 5.4% in the 1st quarter. Royal Bank of Canada now owns 4,003,535 shares of the company’s stock worth $99,168,000 after buying an additional 203,447 shares during the period. Envestnet Asset Management Inc. boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 6.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,623,316 shares of the company’s stock worth $65,268,000 after buying an additional 167,138 shares during the period. Trilogy Capital Inc. increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 6.2% in the 2nd quarter. Trilogy Capital Inc. now owns 1,572,195 shares of the company’s stock worth $39,116,000 after buying an additional 91,824 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 6.6% in the 1st quarter. Cetera Investment Advisers now owns 1,436,630 shares of the company’s stock worth $35,585,000 after buying an additional 88,522 shares in the last quarter.

About First Trust TCW Unconstrained Plus Bond ETF

(Get Free Report)

The First Trust TCW Unconstrained Plus Bond ETF (UCON) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund, which broadly invests in various fixed income securities of almost any sector, maturity, or credit quality. UCON was launched on Jun 4, 2018 and is managed by First Trust.

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